[00:05 EDT 16th Jun 2012] Citi will mark its 200th anniversary on June 16 with its seventh annual Global Community Day. In 92 countries around the world, 100,000 Citi volunteers will participate in 1,300 service projects.

[09:20 EDT 13th Jun 2012] Citi Commercial Cards has won the 2012 Celent Model Bank award for excellence in infrastructure and architecture. The award recognizes Citi Commercial Cards’ business strategy to deploy a standardized core processing system across all regions to provide global products and services. The award, which seeks to answer the question “What would it look like for a bank to do everything right with today's technology?” is awarded annually as[...]

[08:59 EDT 12th Jun 2012] Assets invested with hedge fund firms could more than double by 2016, according to a just-released survey from Citi (NYSE: C) Prime Finance. The study finds that pension funds, endowments, foundations and other institutional investors are increasingly embracing the risk management and diversification that hedge funds offer, and that hedge funds are developing new products that compete with traditional, long-only managers. These trends could contribute to a sharp[...]

[08:58 EDT 11th Jun 2012] Citigroup will issue its second quarter results via press release at approximately 8:00 a.m. (EDT) on Monday, July 16, 2012. At 10:00 a.m. (EDT), results will be reviewed via live webcast and teleconference. The press release, webcast and presentation materials will be available at www.citigroup.com/citi/investor/overview.html. A rep

[16:07 EDT 08th Jun 2012] Citigroup Inc. today released the following statement on the re-submission of its 2012 Comprehensive Capital Analysis and Review (CCAR) capital plan and the redemption of trust preferred securities issued by Citigroup Capital XII and Citigroup Capital XXI: Statement on Re-Submission of 2012 CCAR Capital Plan “In March, the Federal Reserve released the results of its hypothetical severe stress test scenario as part of the 2012 CCAR. The results[...]

[09:00 EDT 06th Jun 2012] Citi released a white paper entitled, “Enabling Financial Advisors to Control UMAs by Eliminating Managed Account Silos: Separating the Provision of Advice from Portfolio Administration and Execution”. The white paper provides an in-depth study highlighting how the ongoing shift in wealth management from transaction-based to fee-based accounts continues to be largely driven by advisor-controlled products. The white paper finds that in order to[...]

[09:00 EDT 05th Jun 2012] Investors’ attention to Commodity Trading Advisors (CTAs) and to currency focused Macro hedge funds accelerated in recent years, particularly after the 2008 Financial Crisis, increasing market share to 14% of combined industry AUM at the end of 2011, up from 10% in 2007 according to a survey released today by Citi (NYSE: C) Prime Finance at the Managed Funds Association’s Annual Conference, Forum 2012 in Chicago. The report, “Moving into the Mainstream:[...]

[13:07 EDT 04th Jun 2012] Citi has launched Renminbi Letters of Credits for Importers and Exporters (RMB LCs) in Latin America, being a leading bank in Latin America to offer a trade services solution suite available in RMB. This new capability will allow clients in Latin America to issue, receive and settle RMB denominated LCs with their Chinese trading partners while also providing clients with new alternatives for trade financing, trade processing and risk mitigation. [...]

[09:04 EDT 04th Jun 2012] CitiDirect BESM Mobile has won the Innovation in Cash & Treasury Technology Award. This award, which is one of The Banker’s 2012 Innovation in Banking Technology Awards, acknowledges the efforts of the industry’s IT professionals from across the globe. Developed by the Citi Innovation Lab Dublin in conjunction with the CitiDirect® Online Banking technology team, CitiDirect BE Mobile allows users to access core transaction functionality available[...]

[09:00 EDT 04th Jun 2012] Citi has expanded its coverage of the investor servicing consultant community for asset managers with the appointment of Frederick Bailey as head of North America consultant relations. Fred joined Citi in 2011 and has over 30 years of experience in the institutional investment industry. Prior to joining Citi, Fred was the Global Head of Plan Sponsor Sales at BNY ConvergEx. The consultant relations team is responsible for coordinating and directing Citi’s[...]

[09:00 EDT 30th May 2012] Citi has expanded its global capabilities for administration and custody services to assist fund managers in establishing a more efficient, informed and effective investment process. As liquidity terms and conditions have changed and evolved in the fund marketplace, with investor level gates becoming more prominent in the hedge fund community, Citi has kept pace with the evolving needs of its clients. Citi has implemented an enhanced liquidity module[...]

[09:00 EDT 17th May 2012] Citi has been ranked #1 in global custody services by the world’s leading asset managers, asset owners and banks in the 2012 Global Custody Survey compiled by Global Investor. Citi was also Top Rated in a similar survey conducted by Global Custodian with the highest score from investors and managers with assets in excess of $10 billion. In addition, Citi was recently rated Most Innovative Custodian by aiCIO. "We are pleased to know how our clients[...]

[15:50 EDT 14th May 2012] Today, Citi, the official bank sponsor of the 2012 U.S. Olympic and Paralympic Teams, unveiled a national advertising and marketing campaign that is the largest and most integrated U.S. sponsorship campaign in the company’s history. The campaign, which features 13 Olympic and Paralympic qualifiers, hopefuls and alumni who are members of Team Citi, includes broadcast, print, out-of-home, digital, events, promotions and retail activation. This is the first time[...]

[09:00 EDT 14th May 2012] Profit & Loss, a leading foreign exchange publication that specializes in covering the global currency and derivatives markets, has named CitiFX Pro Best Retail Platform for margin FX trading for the third consecutive year. The award cited CitiFX Pro’s flexibility of functionality, the provision of give-ups via a commission-based pricing structure, its availability across a range of channels

[09:00 EDT 08th May 2012] For the ninth consecutive year, Citi has achieved a 5-Star performance rating from National Quality Review (NQR) for its transfer agent services. During the 12-months ending December 2011, the independent quality assessment firm monitored the service quality provided by Citi’s call center representatives. “NQR's independent assessment is a source of great satisfaction and further validates our client-first commitment to service excellence. From[...]

[13:54 EDT 02nd May 2012] In another way to enhance the banking experience, Citibank today announced the launch of the Citi ThankYou® Rewards for Small Business, where small business owners can combine ThankYou Points earned from their personal and business accounts. “For many small business owners, their life is their business and their business is their life,” said Maria Veltre, Managing Director, Small Business. “In listening to our small business clients, it became[...]

[08:30 EDT 27th Apr 2012] Citi has been named Latin America Fund Administrator of the Year by Custody Risk, recognizing Citi’s extensive experience to address the specific challenges of global investors.

[09:06 EDT 25th Apr 2012] Citi has been awarded a contract to deliver hedge fund middle office services to Spartus Capital Management LP -- a new divergent volatility strategies hedge fund. The award followed a competitive process and Citi was chosen from multiple providers. Through Citi’s work with a wide range of hedge funds, extensive industry research, and worldwide presence, Citi services hedge fund clients by supporting them through all phases of their growth and maturity,[...]

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